Part of the Lyman Terrace housing complex in the shadow of Holyoke City Hall. Dave Roback, The Republican

HOLYOKE -- A final report with recommendations about renovating the Lyman Terrace housing complex will be presented Tuesday at 6 p.m. at the Holyoke Heritage State Park Visitors' Center, 221 Appleton St.

"The focus of the meeting will be presenting the final report from MassDevelopment and Mass Housing Partnership and talking about next steps," said Marcos A. Marrero, director of the city Office of Planning and Economic Development.

The format will be the same as at previous meetings. Development and other officials will make presentations and they will take audience questions, he said.

The 167-unit complex houses 400 tenants in 18 brick buildings bordered by Lyman, Front and John streets in the Downtown Neighborhood.

Because of their age, many of the units are smaller than today's building standards and violate building codes in other ways. A previous plan to demolish the complex and rebuild on the site was scrapped in favor of the current study, which began in the fall.

Loans and historic tax credits are among the options to fund the renovation, officials said. Historic tax credits are an incentive that gives a developer reduced taxes in relation to the amount spent renovating an historic structure.

An option called Scheme 1 for Lyman Terrace discussed at the March 11 meeting would entail minimal renovation. Units would get new kitchens, bathrooms, windows and floors. Repointing the exterior brick would be done but not full-scale compliance with the Americans with Disabilities Act.

Scheme 1 would reduce the site to 155 units, he said.

Scheme 2 would include the renovations of Scheme 1 but include demolition of some units to make others larger and inclusion of open space such as a community garden or playground.

Scheme 2 envisions Lyman Terrace with 135 units, 27 of which would be larger than now and handicapped accessible.

Scheme 3 would mirror Scheme 2 but with a new cross street built through the complex with on-street parking.